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Advance Auto Parts, Inc. (NYSE: AAP), the largest automotive aftermarket parts provider in North America, serving both the do-it-yourself and professional installer markets, today announced its financial results for the fourth quarter and fiscal year ended December 28, 2013. Fourth quarter comparable earnings per diluted share (EPS) were $0.94, an increase of 6.8% versus the fourth quarter last year. These fourth quarter results exclude transaction expenses of $0.24 associated with the acquisition of General Parts International, Inc. (GPI) and $0.03 of integration costs associated with the integration of B.W.P. Distributors, Inc. (BWP). Full year comparable diluted EPS of $5.67, increased 8.6% from fiscal 2012. These full year results exclude transaction expenses of $0.28 associated with the acquisition of GPI and $0.07 of integration costs associated with the integration of BWP.

Comparable Fourth Quarter Performance Summary (1)

Twelve Weeks Ended

Fifty-Two Weeks Ended

December 28, 2013

December 29, 2012

December 28, 2013

December 29, 2012

Sales(in millions)

$

1,408.8

$

1,329.2

$

6,493.8

$

6,205.0

Comp Store Sales %

0.1

%

(1.9

%)

(1.5

%)

(0.8

%)

Gross Profit %

49.8

%

49.9

%

50.1

%

49.9

%

Comparable SG&A %

41.7

%

41.4

%

39.4

%

39.3

%

Comparable Operating Income %

8.1

%

8.5

%

10.7

%

10.6

%

Comparable Diluted EPS

$

0.94

$

0.88

$

5.67

$

5.22

Avg Diluted Shares(in thousands)

73,248

74,002

73,414

74,062

(1)

The Comparable SG&A%, Comparable Operating Income % and Comparable Diluted EPS results have been reported on a comparable basis to exclude the impact of transaction expenses of $21.9 million and $27.0 million in the fourth quarter and fiscal 2013, respectively, associated with our acquisition of GPI on January 2, 2014 and integration costs of $3.1 million and $8.0 million in the fourth quarter and fiscal 2013, respectively, associated with our integration of BWP. Included in the transaction costs in each period presented is $2.0 million that is classified as interest expense. Refer to the presentation of the respective financial measures on a GAAP basis and reconciliation of the financial results reported on a comparable basis to the GAAP basis in the accompanying financial tables in this press release.

"I would like to thank all our Team Members for their hard work during the fourth quarter and the 2013 fiscal year," said Darren R. Jackson, Chief Executive Officer. "The acquisition of General Parts was another strategic step forward for our great company positioning Advance as the largest parts provider in North America with considerable sales growth and earnings opportunities. Operationally, we were very encouraged with the progress we made in 2013 which resulted in improved fourth quarter sales performance and record operating profits in 2013. We look forward to 2014 with excitement as we begin the integration of General Parts and build on our performance from 2013.”